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  FinMason

FinMason

in Investment Advisors from FinMason

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FinMason

Unaffiliated

in Investment Advisors from FinMason

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Highlights
Highlights
Minimum Account N/A
Management Fee N/A

FinMason Review

FinMason is founded in 0 and based in Boston, MA.

What fees does FinMason charge?

FinMason uses a fee-only model.

This means FinMason gets paid a flat fee regardless of what financial products or services you use. It also means they have a fiduciary responsibility to their clients. Instead of making money on trades commissions or selling products, they recommend an asset allocation and get paid a flat-fee or a percentage of the assets under administration. That requires that they act in their client’s financial best interest at all times.

FinMason Fees
Description
Annual Fee N/A
Monthly Fee $29
Management Fee N/A
Fee Based? Yes
Account Transfer Fee N/A
Account Termination Fee N/A
Investment Expense Ratios N/A

What management fees does FinMason charge?

Many financial advisors charge based on how much money they oversee by using a fee-structure called “assets under management,” or AUM. For instance, a 0.40% fee translates to $4 per year for every $1,000 an investment advisor manages. Management fees, also known as maintenance fees, cover the operating costs of investment advisors and are typically deducted from your account every month or quarter. The management fee does not cover the underlying expense ratios of the investment vehicles purchased by investment advisors.

What are the investment expense ratios of FinMason?

Hiring an investment advisor with competitive investment fees is one of the most important steps to maximizing your portfolio's performance. Investment expense ratios can vary drastically depending on the types of accounts and assets involved. A survey by the ICI puts the average expense ratio for actively managed funds at 0.76% and indexed funds at 0.08%. The investment expense ratios of an investment advisor will vary depending on the type of assets they invest in and whether they attach additional charges to fund fees.

FinMason does not charge fees based on an investment expense ratio.

What type of investment accounts and asset classes does FinMason support?

FinMason offers the following types of assets and account types.

Accounts Supported Options
Supported Options Unsupported Options
  • Individual Non-Retirement Accounts
  • Joint Non-Retirement Accounts
  • Roth IRA
  • Traditional IRA
  • Rollover IRA
  • SEP IRA
  • Trusts
  • 529 College Savings Plans
  • Employer Sponsored Plans
  • Custodial Accounts
  • FinMason does not offer any of the investment vehicles that we track.

    What is the minimum amount you have to invest to open an account with FinMason?

    How does FinMason compare to other investment advisors?

    Pros & Cons of FinMason
    Pros Cons
  • Broad selection of account types.
  • Competitive investment expense ratios.
  • No minimum amount to open an account.
  • Does not offer low-cost ETFs.
  • Does not give access to human finance advisors.
  • Tax-loss harvesting not available.
  • Limited investment options.
  • SUPERMONEY Disclosure: SuperMoney.com is an independent, advertising-supported service. The owner of this website may be compensated in exchange for featured placement of certain sponsored products and services, or your clicking on links posted on this website. Read more...

    Contact

    • Headquarters
    •   One Boston Place, 26th Floor
      Washington St
      Boston, MA 02109 USA
    •   Visit Site

    About FinMason

    Feature Breakdown

    Fee Based  
    Monthly Fee $29
    Accounts Supported
    • Individual Non-Retirement Accounts
    • Joint Non-Retirement Accounts
    • Rollover IRA
    • Roth IRA
    • SEP IRA
    • Traditional IRA

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